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GFH acquires 19.6m of treasury shares

GFH acquires 19.6m of treasury shares
The company has acquired 9.385 million shares on 24 October
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Mubasher: GFH Financial Group has purchased around 19.6 million shares of its treasury shares on Bahrain Bourse, Dubai Financial Market (DFM), and Boursa Kuwait.

The company has acquired 9.385 million shares on 24 October 2021 and 10.2 million shares on 25 October 2021 of its shares on the three markets, according to a bourse filing on Tuesday.

Hence, the company has increased the total holding of treasury shares from 135.571 million shares to 155.156 million shares, representing 4.11% of total issued shares as of 25 October.

It is noteworthy to mention that on 24 October, the company obtained the approval of the Central Bank of Bahrain (CBB) to repurchase treasury shares, which is set to commence from 24 October 2021.